In 2023, the raw animal fats market in Malaysia stood at 0.63 kilograms per capita. Starting from 2024, a gradual decline is forecasted, with values expected to decrease from 0.63 kilograms per capita to 0.58 kilograms per capita by 2028. This represents a year-on-year decrease of about 1.59% in 2025, followed by similar slight reductions annually. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be approximately -2.07%, indicating a steady decline in per capita consumption.
Future trends to watch for include changes in consumer preferences towards plant-based fats, potential regulatory impacts on animal fat production, and economic factors affecting affordability and availability. Monitoring these variables will be crucial for understanding the evolving landscape of the raw animal fats market in Malaysia over the coming years.
